Business climate unchanged in Polish manufacturing, trade and in construction in August

By bne IntelliNews August 25, 2014

Business tendency surveys carried out in August by the national stats office GUS showed no changes in the business climate of the manufacturing sector (flat m/m at +5pts), as well as in the retail trade sector (0pts) and in the construction sector (-4pts).

In the manufacturing sector, assessments and forecasts in respect of current production levels as well as order books are optimistic and better than a month before. Current financial standing continues to be assessed negatively, though better than a month earlier, while forecasts are positvie, similarly as a a month ago.

In the construction sector, current assessments concerning order books and output levels are similar as a month before. Respective forecasts are slightly less optimistic than in July. Forecasts on financial standing are slightly less pessimistic than last month, GUS also reported.

In retail trade, current assessments of sales are slightly positive - better than in July, while assessments concerning financial standings are improving, though they are still negative. Expectations in this respect also remain negative. 

Related Articles

EU top court rules Poland broke law by logging in ancient forest

Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more

S&P raises Poland’s outlook to positive on rosy prospects of economy in 2018

Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+.  The raising of the outlook is based on ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more